Anneliese Dodds MEP

The South East's Voice in Europe

Pierre Moscovici's hearing

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Today Anneliese and other MEPs interviewed Pierre Moscovici for the position of Commissioner of Economic and Financial Affairs.

During the hearing Anneliese asked: "Tax fraud, tax evasion and tax avoidance are costing Europe up to 1 trillion euros. That means a huge amount of money lost to public services, and unfair competition for those majority of businesses that do the right thing. So first, would you agree with the aspiration to halve this tax gap by 2020? Secondly, do you support the proposal - made by Oxfam, Christian Aid and others - that all multinational corporations should undertake country-by-country reporting, in the same way that banks are currently required to do? And finally, please can you consider additional measures - like an EU blacklist of tax havens, and the revocation of bank licences for those banks involved in tax evasion activity?"

Pierre Moscovici replied: "Thank you, Madame Dodds, for this question. It gives me the occasion to say how important for me is the fight against tax fraud, tax evasion, profit shifting. And that I've been involved, as a Finance Minister - especially in the framework of the G20 - in the work done in order to launch the BEPS initiative. Again, Europe was at the front. That I will also support the automatic exchange of information as a global standard. That I feel that we Europeans must be an example there. As a Minister I also signed the FATCA agreement with the United States, and there the United States played an important role. And in this fight I will be personally and deeply committed, because I think that it is, as well, something which is terrible, tax fraud, for our economies, which also reduces the capacity to work on deficits, and which is ethically, I would say morally, absolutely unacceptable. And when we don't have sufficient rules, well - we see what happens. That is, that some cross-border exchanges are favourised in a way that they should not. So, we'll have to work against fraud: fraud at the international level; fraud also in the Union, I think, about VAT - and we've got to reinforce our action there. And we'll also be committed to that. There are first decisions which have been taken. I will certainly reinforce them, and try to work on there to enter into effect. You finally asked me about tax havens. I won't here give an answer which is definite because we've got to work on that. But I can recall there an experience that I made as a Finance Minister when I presented a law on the banking system which is to say that all banks in France have to declare their activities in tax havens. Should it be an example? You know, France sometimes here seems to be presented as a country which is not an example. There, I think, there are good things which have been done."

Here's what Anneliese had to say immediately after the hearing:

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